The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-04-27
Er. GOschsn's Financial Policy Vigorously At
tackled in the House Of Commons.
The Proposal Of Making Grants in Aid Of
Leeal TsxatiOn Especially Condemned.
Late Adviees From tle Stanley Expedition for
the Relief Of Emin Bsy.
The EccIesiasticaI BIZ Passed to Its Second
Reading In the Lower House of the Prus-
sian Diet-The SchnabeIes AFFAIR.
PROCEEDINGS IN THE COMMONS.
News From AfahanistaH-DIscussin Brit
ish Finances.


News From Afshanistan-DIscussi Brit
ish Finances,
LONDON, April 25.-Sir John Gorst, Par
liamentary Secretary of the India Office,
stated in the House of Commons this after
noon that the Ameer of Afghanistan re-
ports that the GhiIZai rebellion is not
spreading, and that his troops are meeting
with success in their encounters with the
rebels.
Mr.. Sexton asked Hon. William st. John
Fremantle Broderick, Conservative, wheth-
eI in a recent speech he had spoken OF the
Times forgery as Mr.. Parnelps letter.
Mr.. Broderick answered: Yes. In ad
dressing any meeting on this SUBJECT 1
will not mince words, but will call the let
ter Mr.. Parnell's, in the absence of any
action in a court of law to disprove the
statement. 1t is popular designation TO
call the letter Mr.. Parnelps letter. The
justice of it can be left to the House and
country" conservative cheers.
Mr.. Sexton asked whether, in view of
the fact that Mr.. Parnell had de-
scribed the document as villaiaous and
barefaeed forgery, Mr.. BIoderick was not
committing breach OF privilege in so de-
scriblng the letter, inasmuch as it was i'm
putting a deliberate falsehood to Mr..
Parnell.
Speaker Peel replied that the remarks of
Mr.. Broderick did not refer to anything
done by Mr.. Parnell in the House, and
therefore the matter did not come within
the definition OF breach of privilege.
The House then went into committee on
the budget.
Mr.. Gladstone contended that the main
proposals of the budget were at variance
with sound financial principles. Instead
of being the humdrum budget which Mr..
Goschen promised, it would be one to be
remembered in the future for good or for
evil. If there was anything good in it the
Unionists would have the credit, and upon
them would rest the responsibility
for whatever was Objectionable.
Among the proposals OF the budget
was one to change stamp duties, which
would facilitate business upon local loans.
He would, meantime, give no unfavorable
opinion, except to say that the concur
rent creation of new per cent. stock
would be great disadvantage. Regarding
the tobacco duties, it wGs easier to reduce
he duty than to get rid OF it. The manu-
acturer of tobacco would certainly be ben
Gifted, but the reduction would never
reach the consumer. Regarding the in
come tax, the reduction of a penny per
pound would doubtless be peculiar boon.
AT the same time the proposal was
against sound financial principles, be-
cause such a reduction should arise
from rigid system of public economy,
not at the expense of the sinking
fund. The House had been asked TO
reduce the fund from 81 COG, 900 to f5,000,-
600. Serious reflection could not warrant
proceeding so opposed to the traditions,
so contrary to the interests Of the British
nation. 1t was the first time that pro-
posal OF this nature had been made in the
history of the country, and it was made
when the country was becoming richer
than ever before. He believed the country
was adding about f100, 000,0 600 yearly 10 its
savings. Yet they were asked TO shrink
from the very moderate effort that had
hitherto been made to provide q sinking
fund in pursuance OF wise, broad policy
that was supported by all financial au-
thority. He hoped Mr.. Goschen would not
reply at once, but give the House chance
OF hearing MS impartial judgment upon
the matter apart from political or party
issues. [Cheers.l
Mr.. Goschen said he would reply later,
If Mr.. Gladstone were present.
Lord Randolph Churchill praised the
''weighty remarks" of Mr.. Gladstone.
Speaking as a true friend of the Govern
ment, be must condemn the policy OF
making grants in aid of local taxation.
Did Mr.. Goschen think that these grants
were compatible with national economy?
Regarding the appropriation of the sinking
fund, he could aud nothing to what had
been said by Mr.. Gladstone, in whose gen.
eral criticisms of the budget he fully con-
CURED. He quoted from speeches made
by Nh Goschen, in 1885, in support of Mr..
Gladstone's financial policy. He declared
that Mr.. Goschen's budget had quashed ali
his hopes of public economy. A Judi
cious budget would have reduced the mill
tary expenditures without impaIring the
efficiency of the army. He trusted that
Mr.. Goschen would assent TO a reconsidera-
ton of his proposals, amending them on
the basis of wiser finance.
Mr.. Goschen said he felt that the on
slaughts made upon him by the Great
Veteran Of financial orthodoxy and the
latest brilliant recruit of the financial
corps, required a prompt reply. First, as to
local loans, he promised to consider the OBJ
jections to the issuing of new stock for loans.
With reference to the tobacco duties, he
defended the reduction of the duty
on the ground that the increase
had not answered the expectations,
having checked consumption while
it failed to bring the anticipated revenue.
He was confident that in a few years the
loss arising from the current years reduc-
tion would be recovered. Mr.. Gladstone
had attacked the proposals to reduce the
income tax and to suspend portion of the
sinking fund as against recognized princi-
Piles Of finance. He (Goschen) could see
no force ID ibis general cnarge- IN taklng
penny OF the income tax the Government
would benefit class upon whom there was
much pecuniary pressure. He adhered to
all his former views as to the desirability
of reducing the national debt, but he con-
tended that his present proposals to relieve
taxpayers and maintain the strength of
the army and navy were more real ecouo-
mics than those suggested by his oppo-
nents.
Mr.. Cremer (Radical) asked Mr.. Goschen
il be knew that the reduction Of the duty
on tobacco would throw out OF employ
ment- several thousand men engaged in
the tobacco trade in London.
Mr.. Goschen replied that he had ar
ranged to confer on that subject with dele
gates from the workmen themselves.
A Wedding Present.
BERLIN, April 25.-Emperor William has